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b'As the People\\u2019s Republic of China \\u2014 the PRC \\u2014 develops its \\u201cGo Global\\u201d suite of policies, it has expanded international capacity cooperation as a way to adjust to the \\u201cnew normal\\u201d of low industrial growth.\\n\\nIt\\u2019s a novel approach to overcapacity \\u2014 where an industry is capable of building or producing more than it can sell \\u2014 which was caused in the PRC by the 2008\\u20132009 spending stimulus that flooded traditional industries. Steel, cement, aluminum, paper, glass, and everything from pork production to robots are in 2017 overwhelmed by cyclical overcapacity.\\n\\nExtending the lifespan for reform in the PRC\\u2019s industrial economy by moving production offshore from industrial-policy-protected provinces into the global system is an innovative solution to the country\\u2019s industrial slowdown.\\n\\nRead the transcript\\nhttp://bit.ly/2xqb1Dv\\n\\nRead the blog post\\nhttps://www.asiapathways-adbi.org/2017/07/the-prcs-international-capacity-cooperation-exports-both-industrial-capacity-and-financial-risk/\\n\\nAuthor\\nTristan Kenderdine\\nhttps://www.asiapathways-adbi.org/author/tristan-kenderdine/'